Dow Clears 24,000

MARKET SUMMARY

U.S. markets returned to record highs following some solid economic numbers and additional support on the Senate tax reform bill. The Dow reached an all-time high of 24,327 after zooming 1.4% while the S&P 500 tapped a lifetime peak of 2,657 after rising 0.8%. Both indexes extending their monthly winning streak to 8-straight.

The Russell 2000 made a record run to 1,551 before slipping into negative territory by a point ahead of the closing bell. The index held a 2-point gain, or 0.1%, but worth noting as the small-caps will likely lead the action on a tax vote possibly tonight or ahead of Friday’s market close. Meanwhile, the Nasdaq recovered half of its prior session losses after jumping 0.7% but failed the 6,900 level.

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TRADE OF THE DAY

THE WINNING TRADER'S MINDSET - PART 2

ANALYST UPGRADES / DOWNGRADES

Boston Scientific (BSX) upgraded to Buy from Neutral at BTIGCanadian National (CNI) upgraded to Buy on valuation at TD SecuritiesHCA Healthcare (HCA) upgraded to Overweight from Neutral at JPMorgan